Auto Industry
Sameer Contractor | Aug 14, 2021Indian Automotive Industry Reacts To The Launch Of The Voluntary Scrappage PolicyHere's how the automotive industry reacted to the Voluntary Vehicle Scrappage Policy launch.1 min read
car&bike Team | Aug 13, 2021Ampere Electric Acquires Stake In Electric Three-Wheeler Maker MLR AutoAmpere Electric intends to expand its operations in electric last-mile mobility ecosystem by investing over Rs. 18 crore in MLR Auto.1 min read
Sameer Contractor | Aug 13, 2021Tata Motors Partners With Gujarat Government To Set Up Vehicle Scrapping Facility In AhmedabadTata Motors has signed a Memorandum of Understanding (MoU) with the Government of Gujarat and will set up a vehicle scrapping centre in Ahmedabad under the rules of the scrappage policy.1 min read
Seshan Vijayraghvan | Aug 13, 2021Royal Enfield's Parent Company Eicher Motors Reports PAT Of Rs. 237 Crore In Q1FY22Eicher Motors Limited, the parent company of Royal Enfield, reported a total revenue of Rs. 1,974 crores, while the Profit After Tax (PAT) stood at Rs. 237 crores as compared to a loss of Rs. 55 crores that was reported in the Q1 of FY 2020-21.1 min read
car&bike Team | Aug 13, 2021Tesla Asked To Increase Localisation, Share India Plans Before Getting Tax BreaksTesla Inc. is the most valued automotive manufacturer in the world and the company wrote to the government of India on getting tax breaks. But the government has asked Tesla to increase localisation and share plans for India market, before it offers tax breaks, if it will.1 min read
Sameer Contractor | Aug 13, 2021Prime Minister Modi Launches The Voluntary Automotive Scrappage Policy In IndiaLaunched at the Investor Summit in Gujarat, the vehicle scrappage policy aims to reduce the import of scrap and raw materials, while also help to decongest public roads from polluting vehicles.1 min read
car&bike Team | Aug 13, 2021Hero MotoCorp Net Profit Grows 496% In Q1 FY 2022Hero MotoCorp despatched 10.25 lakh motorcycles and scooters during the April to June 2021 quarter, and reported a four-fold increase in net profit.1 min read
Seshan Vijayraghvan | Aug 13, 2021Ampere Vehicles Achieves 1 Lakh EV Sales Milestone In IndiaAmpere Vehicles, the e-mobility business of Greaves Cotton Limited has announced achieving a new sales milestone of 1 lakh electric scooters in India. The 1 lakh milestone comprises both brands, Ampere and ELE, the electric three-wheeler brand of Greaves Cotton.1 min read
